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Hungarian regulator approves buyout offer for Bookline shares

Hungary's financial regulator yesterday approved an offer by Közép Európai Média és Kiadó Zrt. for all the shares it doesn't own in Nyrt, an online bookshop that listed its shares in Budapest in August.

Közép Európai is bidding Ft 905  for each Bookline share, the bookstore said in a statement to the Budapest Stock Exchange today. The offer, made February 1, compares with a closing stock price of Ft 910 forint and values the company at Ft 2.9 billion($15.5 million). Közép Európai is a media holding owned by Hungarian stock market investor Kristóf Nobilis. It includes Hungary's largest news Web site Index, the stock market news Web site Portfolio and stock price provider TeleDataCast. (Bloomberg)